After a partial shut in during early 2020 amid reduced producer activity, Crestwood Equity Partners LP’s Arrow system in the Bakken Shale achieved record volumes in natural gas, crude and water in the final quarter of the year, with “a lot more activity” expected in 2021, according to management.

Arrow Asset Map

“The Bakken play remains extremely economic and as we look into 2021, in a $55-60/bbl crude price environment, we anticipate a lot more activity in 2021,” CEO Bob Phillips said last week on the fourth quarter earnings call.

The midstream company expects around 45 three-product wells, to be comprised of crude oil, natural gas and water, to be connected to the Arrow system in North Dakota this year if crude prices remain near $60. Twenty-five to 30 now are drilled but...